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Mayr-Melnhof Karton AG (WBO:MMK) Cyclically Adjusted FCF per Share : €6.76 (As of Mar. 2024)


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What is Mayr-Melnhof Karton AG Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Mayr-Melnhof Karton AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-2.013. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €6.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Mayr-Melnhof Karton AG's average Cyclically Adjusted FCF Growth Rate was 15.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Mayr-Melnhof Karton AG was -1.00% per year. The lowest was -6.30% per year. And the median was -2.50% per year.

As of today (2024-06-06), Mayr-Melnhof Karton AG's current stock price is €114.40. Mayr-Melnhof Karton AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €6.76. Mayr-Melnhof Karton AG's Cyclically Adjusted Price-to-FCF of today is 16.92.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Mayr-Melnhof Karton AG was 28.05. The lowest was 11.84. And the median was 17.22.


Mayr-Melnhof Karton AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Mayr-Melnhof Karton AG's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mayr-Melnhof Karton AG Cyclically Adjusted FCF per Share Chart

Mayr-Melnhof Karton AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.36 7.41 6.63 6.06 7.20

Mayr-Melnhof Karton AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.85 5.60 5.78 7.20 6.76

Competitive Comparison of Mayr-Melnhof Karton AG's Cyclically Adjusted FCF per Share

For the Packaging & Containers subindustry, Mayr-Melnhof Karton AG's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mayr-Melnhof Karton AG's Cyclically Adjusted Price-to-FCF Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Mayr-Melnhof Karton AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Mayr-Melnhof Karton AG's Cyclically Adjusted Price-to-FCF falls into.



Mayr-Melnhof Karton AG Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Mayr-Melnhof Karton AG's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-2.013/133.7589*133.7589
=-2.013

Current CPI (Mar. 2024) = 133.7589.

Mayr-Melnhof Karton AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.749 99.496 1.007
201409 1.856 99.586 2.493
201412 3.452 99.676 4.632
201503 0.183 99.992 0.245
201506 0.178 100.492 0.237
201509 1.560 100.292 2.081
201512 1.896 100.692 2.519
201603 0.089 100.692 0.118
201606 1.035 101.092 1.369
201609 1.633 101.192 2.159
201612 0.601 102.092 0.787
201703 0.941 102.592 1.227
201706 0.078 102.991 0.101
201709 0.911 103.591 1.176
201712 1.396 104.291 1.790
201803 0.911 104.491 1.166
201806 1.872 105.091 2.383
201809 2.013 105.691 2.548
201812 1.209 106.291 1.521
201903 2.198 106.391 2.763
201906 1.378 106.791 1.726
201909 2.704 106.991 3.381
201912 3.489 108.091 4.318
202003 2.319 108.024 2.871
202006 0.527 107.915 0.653
202009 2.952 108.348 3.644
202012 2.469 109.321 3.021
202103 0.631 110.186 0.766
202106 -0.717 110.943 -0.864
202109 -0.911 111.916 -1.089
202112 2.074 113.971 2.434
202203 -1.282 117.647 -1.458
202206 -0.271 120.567 -0.301
202209 2.307 123.811 2.492
202212 -2.238 125.541 -2.385
202303 -1.454 128.460 -1.514
202306 -1.939 130.191 -1.992
202309 3.582 131.272 3.650
202312 17.783 132.570 17.943
202403 -2.013 133.759 -2.013

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Mayr-Melnhof Karton AG  (WBO:MMK) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Mayr-Melnhof Karton AG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=114.40/6.76
=16.92

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Mayr-Melnhof Karton AG was 28.05. The lowest was 11.84. And the median was 17.22.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Mayr-Melnhof Karton AG Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Mayr-Melnhof Karton AG's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Mayr-Melnhof Karton AG (WBO:MMK) Business Description

Traded in Other Exchanges
Address
Brahmsplatz 6, Vienna, AUT, A-1040
Mayr-Melnhof Karton AG manufactures and sells a variety of folding cartons for consumer goods packaging. The firm organizes itself into two segments based on the product type. The MM packaging segment, which generates the majority of revenue, sells packaging for consumer goods, which include cigarettes, pharmaceuticals, detergents, personal care products, and luxury products. The MM Board & Paper segment manufactures and markets numerous grades of cartonboard, focusing on coated cartonboard produced predominantly from recycled fibers as well as virgin fiber-based cartonboard. The vast majority of revenue comes from Europe.
Executives
Dr. Nikolaus Ankershofen Supervisory Board
Mmag. Peter Oswald Board of Directors
Univ.-prof. Dr. Klaus Rabel Supervisory Board

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